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Finance Committee Meeting
April 8, 1985
Mayor's Conference Room
6:30 p.m.
Members Present: Chairperson Dowie, Klinger, Getty.
Also present: Mayor Bowers, Seeber, Wright, Penaluna.
It was moved by Klinger, seconded by Getty that the request of the
Personnel Department to purchase an Olympia Word Processor from Iowa
Business Machines in the amount of $1 ,926.00, be approved. Motion
carried.
It was moved by Getty, seconded by Klinger that the request of the
Recreation Commission to purchase a jeep from Dick Witham Chevrolet
in the amount of $4,875.00 be approved. Motion carried.
It was moved by Dowie, seconded by Getty that the request of the
Superintendent of Traffic Signals to purchase 85 GE tubes for moduvac
type controllers be approved. Motion carried.
It was moved by Getty, seconded by Klinger that the request of the
City Planner to paint office furniture in an amount of $810.00 (RTW
Electrostatic Painting Co.) be approved. Motion carried. This item
will be paid from the City Hall maintenance budget.
The request of the Rath Packing Company Employees Reorganization
Committee for City funds in the amount of $15,000 was reviewed.
Committee members reported that the money would be used for only the
purposes of reopening the plant and putting people back to work. The
Reorganization Committee has been working with a Texas native, Gerry
Burns of G.N.B. Investment Bankers who has been working on a
financing package for reopening the plant.
The Committee stated their willingness to sign an agreement with the
City on repayment of the money should their plan succeed.
Mayor Bowers suggested that the City remain non-committal until such
time as the bankruptcy judge renders an opinion in the case.
Councilperson Seeber stated that the City awes the Committee this
chance; Councilperson Getty stated that it was a small price to pay
if jobs could be regained.
It was moved by Klinger, seconded by Dowie that the Finance Committee
recommend to the City Council that this issue be tabled until such
time as the Council has the opportunity to meet with Brian Burns on
April 9, 1985 at 7:00 p.m. in the City Hall Council Chambers and
instruct the Clerk/Auditor to post notice of same. Motion carried.
With no further business before the Committee, the meeting
adjourned.
Larry P. Burger
City Clerk/Auditor